Safaricom s allure poses headache for big investors standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
THE STANDARD By
Wainaina Wambu |
January 19th 2021 at 08:30:00 GMT +0300
NSE Chief Executive Geoffrey Odundo. [David Gichuru, Standard]
After four years, Homeboyz Entertainment seems to have ended the listing drought at the Nairobi Securities Exchange (NSE), becoming the first entertainment firm to join the bourse.
The listing by way of introduction came through the Growth Enterprise Market Segment (Gems).
Gems was set up in 2013, targeting small firms, but has since attracted only five such entities whose shares have been on a disappointing run and have largely failed to excite the market.
These are Home Afrika, Flame Tree Group, Kurwitu Ventures, Nairobi Business Ventures (NBV) and Atlas Development.
Kenya: Rabars Reveals Sh294m Net Worth in Homeboyz allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Rabars reveals Sh294m net worth in Homeboyz
Monday December 21 2020
By JAMES KARIUKI
Summary
The listing statement puts each share of the company at Sh4.66 with the former DJ-turned entertainment and events organiser Myke Rabar holding 35.612 million shares worth Sh165.95 million.
Mr Rabar’s wife Rose Nyaguthii has 27.568 million shares valued at Sh128.47 million. The remaining 20,000 shares worth Sh93,200 are held by John Obonyo Mr Rabar’s brother.
Homeboyz listed 63.2 million on the Nairobi Securities Exchange (NSE) by way of introduction on the Growth Enterprise Market Segment (Gems) that already has Home Afrika, Flame Tree, Kurwitu Ventures and Nairobi Business Ventures.